EGX ends Tuesday in semi-collective regression, market cap. loses LE6.9B

CAIRO – 24 March 2020: The Egyptian Exchange (EGX) ended mid-week session in a semi-collective regression, losing LE 6.9 billion of market capitalization, amid Aran and foreign selling.

The benchmark EGX 30 dipped 2.76 percent, or 276.96 points, to close at 9,770.48 points.

The equally weighted index EGX 50 dropped 1.27 percent, or 16.51 points, to end at 1,282.38 points, and the broader index EGX 100 declined 0.96 percent, or 9.72 points to 1,002.01 points.

On the other hand, the small and mid-cap index EGX 70 inched up 0.04 percent, or 0.4 points, to close at 905.15 points.

Market capitalization lost LE 6.94 billion, recording LE 533.89 billion, compared to LE 540.83 billion in Monday’s session.

The trading volume reached 261.63 million shares, traded through 26,322 transactions, with a turnover of LE 761.9 million.

Egyptian investors were net buyers at LE 222.3 million, while Arab and foreign investors were net sellers at LE 13.22 million, and LE 209.08 million, respectively.

Egyptian and foreign individuals were net buyers at LE 34.55 million, and LE 61,629, respectively, while Arab individuals were net sellers at LE 11.59 million.

Arab and foreign organizations sold at LE 1.63 million, and LE 209.14 million, respectively, while Egyptian organizations bought at LE 187.75 million.

Misr Fretilizers Production Company - Mopco, Sues Canal Company for Technology Settling, and International Co For Investment & Development were top gainers of the session at 12.72 percent, 9.99 percent and 9.50 percent, respectively.

Meanwhile, B Investments Holding, Edita Food Industries S.A.E, and Al Tawfeek Leasing Company-A.T.LEASE were top losers of the session by 9.99 percent, 9.84 percent, and 9.45 percent, respectively.

On Monday, EGX continued its uptrend for the third session responding to the Central Bank support by LE 20 billion. Market capitalization gained LE 16.47 billion, amid Egyptian purchases.

The benchmark EGX 30 rose 3.04 percent, EGX 50 climbed 4.34 percent, EGX 70 increased 4.01 percent, and the broader index EGX 100 jumped 4.32 percent.